Re: Paying AMEX early.....question....

I paid my green and then again my gold before the first statement cut because I didn't notice you could not pay early during the first 30 days. I used my bank's bill pay to get the payment to Amex and zero out the balance. Now I just use the Amex site.

Re: Paying AMEX early.....question....

I am in my first 30 days on a new Gold Rewards charge, and I DO have the option to pay online prior to my statement cutting in two days.

For payment options, in addition to "Statement Balance" which is zero of course, it lists "Outstanding Balance" and the amount currently charged, and then "Other Amount" where I guess you can put anything into the blank for payment.

Do Amex charge balances have the same effect on your utilization (when a large balance is reported) that the "World" or "Signature" credit cards that don't report credit limits do? Since I have a couple of those with balances that I think are messing up my utilization %, I don't really need a large Amex number add to that problem. Probably should pay early and forgo the float this cycle.

Re: Paying AMEX early.....question....

Think it depends on the CRA. My EQ doesn't recognize it as part of my Util. I report usually 1% of my revolving limits. Amex reported balance should have put me somewhere in the ballpark of 20%, but EQ still showed 1% util.

Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so. ~Douglas Adams

Re: Paying AMEX early.....question....

JRomulus wrote:

I am in my first 30 days on a new Gold Rewards charge, and I DO have the option to pay online prior to my statement cutting in two days.

For payment options, in addition to "Statement Balance" which is zero of course, it lists "Outstanding Balance" and the amount currently charged, and then "Other Amount" where I guess you can put anything into the blank for payment.

Do Amex charge balances have the same effect on your utilization (when a large balance is reported) that the "World" or "Signature" credit cards that don't report credit limits do? Since I have a couple of those with balances that I think are messing up my utilization %, I don't really need a large Amex number add to that problem. Probably should pay early and forgo the float this cycle.

I am in my 30 days of my Amex Zync, no statement yet, but I have made 2 payments using Amex website. I was unable to pay using my phone app though which said you can not pay unless its due.

Re: Paying AMEX early.....question....

I have a new Zync account also. I paid my first payment a couple weeks ago. I have tried several times to make a payment in addition to that one and I just get "payment not due at this time". It's weird it seems I can't post a payment until the statement cuts.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation.
Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies.
Many factors affect your FICO Scores and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.
FTC's website on credit.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.